UK GDP growth stood at 0.7% in the third quarter, according to the Office for National Statistics (ONS), down from 0.9% in Q2 but in line with economists' expectations.
Publishing its preliminary estimate for growth for the three months to 30 September, the ONS added year-on-year growth stood at 3% over the period - also as expected. Quarterly growth was broad-based, with all four main industrial groupings seeing growth. Output increased by 0.7% in services, by 0.5% in production, 0.8% in construction and 0.3% in agriculture. In terms of their contribution to the overall growth rate, growth was once again dominated by the services sector, which provided 0.58 percentage points of the 0.7% headline figure. Services also remains the only sector in wh...
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